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Oh man, this is actually exactly something I want. I want to invest in the s&p 500, like an index etf, but I want to filter out companies which I don't agree wi
by wheybags 6y ago
Oh man, this is actually exactly something I want. I want to invest in the s&p 500, like an index etf, but I want to filter out companies which I don't agree with ethically. I also want to look at my custom index's performance historically so I can see how well it tracks the overall market.
It is extremely hard to actually do this. There's a plethora of hurdles in the way - you need to get data (I bought some historical s&p 500 data, seemed to be the only way), and then you need to figure out what to do with it too. When you look at a graph on the index, what is that based on? Do they rebalance every day? Monthly? Who knows? I was never able to reconstruct an s&p 500 graph from source data myself as a baseline.
I will definitely be giving this a try.
EDIT: signed up for the waitlist!
Also, a question: Can you use this without some sort of linked broker account? IE, you tell it what you've got, and it spits out instructions that you execute manually? I ask because I'm in Europe, and only the big American brokers ever seem to get proper integrations with anything.
- kmckiern 6y agoThat's great, can't wait to get you on the product! There are a lot of features you can use around creating indexes, it's not required that you invest.
- knjmooney 6y agoAre you aware of the S&P 500 ESG index?
- safog 6y agoI think it has mostly been established that these are bogus and the actual companies don't really do much of anything social / environmental. https://www.cnbc.com/2020/02/26/chamath-palihapitiya-esg-investing-is-a-complete-fraud.html https://www.cnbc.com/2020/02/26/chamath-palihapitiya-esg-inv... Anyway, these are ethical concepts and can vary widely between person to person. Some might not want to invest in energy companies at all where as others might not have anything against companies selling oil / cars with internal combustion engines but take objection to a company's CEO being against BLM for example.
- wheybags 6y agoThere are various "ethical" indexes, but pretty much none of them exclude google or facebook (which would be at the top of my cut-list). I want to do my own individual research on each company, and come to my own conclusions.
- deleted 6y ago[deleted]
- jdthedisciple 6y agoI can identify fully with your investing needs and am looking for exactly the same as you - some sort of custom etfs that fully comply with my ethics and morale. Just wanted to mention that :)
- Jommi 6y agoThere is a product that already does this https://passiv.com https://passiv.com
- matthewpick 6y agoI think M1 Finance is also very similar. https://www.m1finance.com/ https://www.m1finance.com/
- vincentmarle 6y agoYup I also use M1 Finance. I have my main portfolio that contains multiple sub portfolios. Works great, but the only thing I can’t do there is share it with my friends. I guess that’s the only novel part of Enombic? Although I used Motif Investing in the past to share my portfolio with friends, but they didn’t have free trading.
- monkeydust 6y agoAnything similar available to UK investors (connects to a UK brokerage)?
- xangel 6y agoThere is one and it's even better - trading212.com. Here is an example of a shared pie: https://www.trading212.com/pies/l71F4dJAcqHItmVp4J5uRsVK3fLq https://www.trading212.com/pies/l71F4dJAcqHItmVp4J5uRsVK3fLq
- faitswulff 6y agoYou can share your M1 “pies” with other users. Here’s an example: https://dashboard.m1finance.com/share/H4sIAAAAAAACA6tWKqksSFWyUspLLY8vyExV0lHKS8wFCfillisEZKYqmOsbGugbGRhaAqWKczKTU4uVrKKrlUrylayqYZrzc1KgmjNTgNxQQycv_6xsU9-qZFulWh2lgtSi5NS8ksR0oFpDA4Pa2FoAnidbgXcAAAA https://dashboard.m1finance.com/share/H4sIAAAAAAACA6tWKqksSF...
- wheybags 6y ago